The Federal Inland Revenue Service (FIRS) has moved to quell growing public anxiety over the controversial 4 percent development levy on imported goods, insisting the charge is not an additional burden on businesses but a consolidation of existing taxes aimed at simplifying Nigeria’s fiscal framework and restoring investor confidence. In a statement issued on Wednesday, […]
The Federal Inland Revenue Service has dismissed allegations that the appointment of Xpress Payments as a payment channel for Federal revenue collection was politically motivated. The service also said the remark was misleading and risks distorting public understanding of Nigeria’s tax administration system. Recall that the former Vice President, Alhaji Atiku Abubakar, had in a […]
Nigerians have reacted to the directive by the Federal government to account holders in financial institutions to submit self-certification forms. Daily Times reports that the Federal government ordered all account holders in financial institutions to submit self-certification forms to their respective institutions. The FG stated this on Thursday, September 17 via its twitter account, Government […]
…urges for Tax payment The Federal Inland Revenue Service has stated on Saturday that telecommunications companies are the biggest winners of the lockdown. It stated this on Twitter while responding to Nigerians reactions when they called for timely tax payment from telecos in order to meet up with provision of palliatives for Nigerians. Recall that […]
Directors of the Federal Inland Revenue Service that have served eights years and above as directors in the service have been relieved of their appointments The decision according to a memo dated March 24, 2020, titled: “Notification,” and signed by the FIRS Executive Chairman, Muhammad Nami, was taken at the emergency meeting of the Board […]
By Philip Clement, Abuja The Federal Inland Revenue Service has refuted reports making rounds that it’s staff has tested positive to Covid-19. In a statement on Saturday by it’s director of Communications, Abdullahi Ismaila Ahmad, the FIRS described the news as untrue. “The attention of the Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad […]
…It’s high time Nigeria found ways to address its deficit issues -Economist …Government must stop saying our GDP is within means -Expert …Budget does not capture how the Govt will lift 100m out of poverty -Rotimi Economists and finance experts have reacted to the N10.77trillion 2020 budget presented to the joint session of the National […]
The last may not have been heard about the long-drawn battle between Zinox Group and an Ibadan-based IT firm, Citadel Oracle Concepts over alleged N170 million contract scandal following a publication by Premium Times that, contrary to the report by some online newspaper a fortnight ago that the Economic and Financial Crimes Commission (EFCC) and […]
The Chairman of Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler has assured Nigerians especially civil servants that the e-platform introduced by the Service. would address the current hitches in issuance and obtaining Tax Clearance Certificates (TCC) in the country. Fowler stated this on Tuesday, while presenting a paper at the “Monthly Lunch Time Reform […]
Nigeria’s Federal Government has disclosed its plans to recruit 7,500 graduates as Community Tax Liaison Officers across the country. Kemi Adeosun, country’s Minister of Finance alongside Babatunde Fowler, the Chairman, Federal Inland Revenue Service, FIRS who made this known during a press conference in Abuja.The government explained that the recruits will raise tax awareness among […]